Published Aug 04, 2009Well, it's been a few days since our last update, so it's high time for another chapter in the Pirate Bay saga. According to Billboard, the company offering to buy the controversial file-sharing website is already getting higher offers from other companies to purchase it from them. But are they jumping ship? Hell no.
Global Gaming Factory X, which has incurred all sorts of troubles since putting a nearly $8 million offer on the site, claiming the company would be the one who could turn the Pirate Bay legit, has already turned down two enormous offers from other companies, reports Billboard. The two offers were for $16 million and $10 million, as well as a $2 million investment. So who's waving the money in Global Gaming's face? Well, the mysterious $16 million offer came from an unnamed "Russian company," and anyone who's seen David Cronenberg's Eastern Promises or has heard anything about the Russian KHL hockey league knows the implications that may have.
The more legit sounding offer of $10 million or a $2 million investment comes from none other than the Fanning family. Yep, the dudes who brought us Napster back when file-sharing sites were crisp, uncharted waters ripe for MP3 pillaging. John Fanning, Napster's former CEO and uncle of founder Shawn Fanning, put in an "informal" bid that was turned down by Global Gaming, according to Billboard. Fanning also proposed the $2 million investment, but no deal has been reached.
Meanwhile, Global Gaming is still wrapped up in the legal troubles brought on by Pirate Bay's original founders, including a recent decision by an Amsterdam court to disallow Pirate Bay to operate in the Netherlands. The site must shut down operations within ten days or the original founders will receive up to $42,000 a day in fines.
One of these founding members, Peter Sunde, promptly made the announcement that he'd no longer be the "spokesperson" for Pirate Bay, as The Daily Swarm points out.
Global Gaming's shareholders are voting later this month on the proposed buyout of the Pirate Bay. And if the offers keep rolling in, this could be a huge payday for a company that previously made its money from gaming products and internet cafes.